Recycled PET Market to Gain a CAGR of 7.05% During 2022-2028

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Recycled PET Market to Gain a CAGR of 7.05
During 2022-2028 Triton Market Research presents
the Global Recycled Polyethylene Terephthalate
Market report sectioned by Product (Colored,
Clear), Application (Sheet Film, Strapping,
Fiber, Food and Beverage Bottles Container,
Non-Food Bottles Containers, Other
Applications), and Regional Outlook (North
America, Asia-Pacific, Middle East and Africa,
Latin America, Europe). The report further
discusses the Market Summary, Industry Outlook,
Impact of COVID-19, Key Insights, Porters Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Regulatory Framework, Key
Market Strategies, Drivers, Challenge,
Opportunity, Competitive Landscape, Research
Methodology Scope, Global Market Size,
Forecasts Analysis (2022-2028). Based on
Tritons research report, the global recycled
polyethylene terephthalate market is anticipated
to advance with a CAGR of 7.05 during the
forecast period 2022-2028.
Request Free sample report https//www.tritonmark
etresearch.com/reports/recycled-polyethylene-terep
hthalate- marketrequest-free-sample Recycled
polyethylene terephthalate (r-PET) refers to a
sustainable recycled plastic that has gained
prominence over conventional plastic in reducing
carbon emissions. The markets growth is
supported by factors such as rising awareness
about sustainability and government restrictions
on landfills. Several developed countries,
including Germany, the Netherlands, France, and
the United States, have implemented landfill
bands. These bans have reduced garbage disposals,
such as lumber, liquid wastes, and packaging.
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On the contrary, the emission of toxic pollutants
during the recycling process is anticipated to
restrict the development of the recycled
polyethylene terephthalate market. Globally, the
Asia-Pacific dominates in the recycled PET
market. The regions robust growth can be
attributed to the availability of skilled labor
at low cost and land. Moreover, the shift in the
production landscape towards China and
India is anticipated to drive the studied
markets growth. Further, expanding
industries, such as construction, automotive,
and electronics, present vast potential for rPET
manufacturers. The major factor supporting rPET
demand is the rising demand for food and
non-food bottles for various applications.
Therefore, as stated above, these factors are
widening the scope and growth of the recycled
polyethylene terephthalate market. The notable
companies in the recycled PET market are Biffa,
Clear Path Recycling LLC, Far Eastern New Century
Corporation, Phoenix Technologies, Carbonlite
Industries, DuFor, Evergreen Plastics Inc,
Indorama Ventures Public Ltd, Libolon, Placon,
PolyQuest, Portage Plastics, Ultrepet, Plastipak
Holdings Inc, and Zhejiang Anshun Pettechs Fibre
Co Ltd. Scrap plastic PET bottles and containers
are the major raw materials employed for the
production of recycled PET. In this regard, the
easy availability of post-consumer PET bottles is
a major factor supporting the markets growth.
Moreover, the high recyclability ratio of
polyethylene terephthalate is anticipated to
propel recycled PET production across Europe and
North America. Contact Us sales_at_tritonmarketrese
arch.com Phone [phone]